How do I get out of the mess I am in from so many payday loans the internet allowed me to get into?

Question

I found myself in a financial need because of many things and took out way to many payday loans to try and fix my financial problems now I don't know how to get out of this mess. Help.

Answer 1

Run away to Mexico.

Sit on a lonely beach and drink Tequila.

Get lost in yourself.

Start a new life in South America.

Answer 2

i think in the first place getting too much quick debt help too fast was a wrong move. sorry bout that. but now that we can't change anything, i think you should work out your credit problem. there are credit repair companies out there, and debt settlement help. this website, http://instantloansearch.com/Debt-Settle... helped out someone in my family. try it, and goodluck!

Answer 3

1) recognize your debt problem as you've done

2) identify how you have/are getting in debt - start with making a budget (use a piece of paper/spreadsheet/program - i use CalendarBudget.com - it's online and lets you look into future to see if your purchase today will put you into debt or not)

3) use your budget to eliminate any unnecessary expenses (like cable TV - watch movies instead)

4) put extra money onto debts (start with debt with the highest interest rate, then when it's paid off put that extra money onto the next debt with highest interest rate - you pay less out in the long run by doing this process)

- see other money management ideas at http://blog.calendarbudget.com

Answer 4

I WOULD TRY SOME DEBT COUNSELING AND SEE IF THEY COULD WORK OUT A DEAL WITH YOUR CREDITORS AND WHEN YOU ARE FINALLY OUT OF THIS MESS..JUST TAKE IT AS A LESSON LEARNED.

Answer 5

I think the first step would be addmitting that this is your fault. Because the "internet allowed" you to do this, is not a good reason for letting it happen.

Answer 6

I did the same thing you did. I recently heard about Prosper.com. I visited the site, registered with them because its free. I got my loan with them within 1 week of registering. Try it its so easy.

If you want some more information, I would check out...

http://www.safelinked.info/go.php?link=l...

Take care.

Answer 7

First off the internet payday loans didn't get you into your mess you did.  

Make minimum payments and hit one of them with as much as you can.  This means you'll be living cheap (eating cheap, no vacations, no lattes, no new toys etc), get yourself on a budget.  Once you knock one of them off (the smallest debt) go after the next one.  In conjunction to this try working with them to see if they will put you on a payment plan of some sort.  Without more info from you don't know what to say.

How much do you owe?

How much do you make?

When are payments due?

How many loans do you have?

What assets do you have?

If you need help with budgeting or how to tackle this debt you can email me at [e-mail].

Answer 8

stop using it, the internet tell you understand nothing is free, and then money your spending on intrest is out of your pocket, not theirs.